Possible Reverse Head & Shoulders on $XBT coming up???
Looking at the daily chart for $XBT we may have yet another Reverse Head & Shoulders setup coming into play. If you look at the VPVR on the right side you can see the gaps in price that need to be filled in before we go to higher highs.
This RH&S setup would be a nice smooth way to fill that in and push us into massive momentum!
Side Note: On a larger scale I have outlined with a green trend line the potential for an even larger RH&S setup that would catapult us to new All Time High's! Don't know how viable this is but it sure looks pretty!
***That being said I am still waiting for momentum indicators, price and candles to confirm the smaller pattern. Right now this is all up in the air. We could completely ignore this setup and go straight to $12K+. Either way I wouldn't be mad!
Have fun out there and be responsible traders!
This RH&S setup would be a nice smooth way to fill that in and push us into massive momentum!
Side Note: On a larger scale I have outlined with a green trend line the potential for an even larger RH&S setup that would catapult us to new All Time High's! Don't know how viable this is but it sure looks pretty!
***That being said I am still waiting for momentum indicators, price and candles to confirm the smaller pattern. Right now this is all up in the air. We could completely ignore this setup and go straight to $12K+. Either way I wouldn't be mad!
Have fun out there and be responsible traders!